News articles about Sandy Spring Bancorp (NASDAQ:SASR) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sandy Spring Bancorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the bank an impact score of 45.9311944991906 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Sandy Spring Bancorp (SASR) traded up $0.48 during midday trading on Friday, hitting $37.16. 263,917 shares of the stock traded hands, compared to its average volume of 239,104. Sandy Spring Bancorp has a one year low of $36.41 and a one year high of $45.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $903.27, a price-to-earnings ratio of 16.89, a P/E/G ratio of 0.94 and a beta of 0.93.

Sandy Spring Bancorp (NASDAQ:SASR) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. Sandy Spring Bancorp had a net margin of 21.63% and a return on equity of 10.91%. The company had revenue of $55.79 million for the quarter, compared to analyst estimates of $56.21 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. equities research analysts expect that Sandy Spring Bancorp will post 3.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 14th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.04 annualized dividend and a yield of 2.80%. Sandy Spring Bancorp’s dividend payout ratio is currently 47.27%.

Several analysts have recently issued reports on the stock. Boenning Scattergood reissued a “hold” rating on shares of Sandy Spring Bancorp in a research report on Friday, October 20th. Zacks Investment Research lowered shares of Sandy Spring Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Sandler O’Neill set a $44.00 price target on shares of Sandy Spring Bancorp and gave the company a “hold” rating in a research report on Friday, January 12th. BidaskClub raised shares of Sandy Spring Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Gabelli assumed coverage on shares of Sandy Spring Bancorp in a research report on Monday, January 8th. They issued a “buy” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.75.

In related news, EVP Ronda M. Mcdowell sold 1,872 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $37.95, for a total transaction of $71,042.40. Following the completion of the transaction, the executive vice president now owns 5,090 shares of the company’s stock, valued at $193,165.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joe Reeder sold 1,538 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $38.63, for a total transaction of $59,412.94. Following the transaction, the director now directly owns 154,473 shares of the company’s stock, valued at approximately $5,967,291.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,956 shares of company stock valued at $469,219. 2.60% of the stock is owned by corporate insiders.

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Sandy Spring Bancorp Company Profile

Sandy Spring Bancorp, Inc is the bank holding company for Sandy Spring Bank (the Bank). The Company operates through three segments: Community Banking, Insurance and Investment Management. The Company’s Community Banking segment operates through Sandy Spring Bank and involves delivering a range of financial products and services, including various loan and deposit products to both individuals and businesses.

Insider Buying and Selling by Quarter for Sandy Spring Bancorp (NASDAQ:SASR)

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